On November 16, 2022, Pioneer Media Holdings Inc. closed the transaction. The company has issue 5,800,000 units for proceeds of CAD 580,000. The company has paid finder's fee of CAD 6,000 cash and 60,000 transferrable warrants.

The company anticipates closing the second tranche of the transaction in early 2023. Certain insiders of the company operating subsidiary participated in the transaction purchasing an aggregate of 800,000 units for an aggregate price of CAD 80,000, representing 13.8% of the units issued.